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The Credit Lounge

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2 contributions to The Credit Lounge
BOIR report completion- File ASAP!‼️
Beneficial Ownership Information Report (BOIR) Don't forget to complete your report.... If you have a business in the United States , avoid making this mistake that will cost you $500 per day🤯… As of January 1st, millions of small businesses will need to file a beneficial ownership information report with FinCEN, a branch with the U.S. Department of Treasury. If you formed a S CORP OR C CORP or a LLC, a BOI is required unless you’re exempt. 📝If you registered your business PRIOR to Jan 1, 2024, you have 1 year to complete this report, until January 1, 2025. 📝If you filed on or after January 1, 2024, you have to file within 90 days of receiving your actual or public records of your formation. You will file via the FinCENs BOI e-filing portal at https://boiefiling.fincen.gov. The primary purpose of this report is to avoid or prevent companies that are money laundering, tax evasion, fraud, etc. Don’t get caught not filing this form and end up having to pay $500 fees. It’s not difficult to complete so no need to pay anyone unless your tax preparer is doing it for you, etc. Also, don’t forget to file your annual reports or pay your fees for your LLC to remain in active status: Here is a helpful link: https://www.llcuniversity.com/llc-annual-fees-by-state/ Here is a video I created exactly how to complete the report. Don't wait, get it completed asap! It will only take 10-15 minutes. https://go.screenpal.com/watch/cZf2qbVsGIu
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New comment 2h ago
0 likes • 2d
@LaShanta Witherspoon I haven't done mines yet
0 likes • 2h
@LaShanta Witherspoon yes please
Q&A Session Tonight at 7:30pm cst !
Does anyone have any questions or anything they need to discuss ? @Robert Lawrence thank you joining us ! I wanted to ensure you understand how to navigate within the group so please let me know if you need help or join the call tonight
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New comment 25d ago
0 likes • 25d
Thank You
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Robert Lawrence
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5points to level up
@robert-lawrence-7493
Hi

Active 2h ago
Joined Oct 19, 2024
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